Top 5 Low Volume Production Strategies for Business Growth
Product design is a competitive and fast-changing world in itself as innovations and technology upgrades continue to be introduced to the manufacturing industry. With product lifetimes shortening, manufacturers are steering clear from mass production and shifting to low-volume production . It may produce fewer pieces than usual, but with the right strategies, it can drive business growth and long-term success. Here are five strategies you should know about: 1. JIT manufacturing JIT stands for just-in-time and while this manufacturing strategy is commonly practiced in high-volume environments, it can work just as well in low-volume projects, too. That’s because it’s focused on serving demand. Rather than making products to anticipate sales, manufacturing happens after an order is made. This way, manufacturers can minimize their inventory, save on storage space, and control costs. That said; this strategy is best when the product is too expensive or time-consuming to manufacture